DALLAS, May 3 /PRNewswire-FirstCall/ -- Bank of America, N.A., Dallas,
Texas, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a
cash distribution to the holders of its units of beneficial interest of
$0.10526 per unit, payable on May 29, 2002, to unit holders of record on
May 15, 2002.
Included in last month's distribution was the receipt of approximately
$822,000 or 5.6 cents per unit relating to the settlement of a lawsuit
pertaining to royalty payments over a number of years.
Due to the timing of the end of the month of April, approximately
$159,000 of revenue will be posted in the following month of May in addition
to normal receipts during May.
SOURCE Sabine Royalty Trust
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CONTACT:
Ron E. Hooper, Senior Vice President of Bank
of America, N.A., +1-800-365-6541, for Sabine Royalty Trust
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